The consumer price index (CPI) rose by 20% YoY in May, state agency Statistics Estonia said, driven primarily by soaring energy prices starting from last autumn. Services alone were 28.8% more expensive than in May last year, goods cost 15.7% more. Viktoria Trasanov, leading analyst at Statistics Estonia, said: “Electricity to the home was 146.3%…
The Ukrainian side would like the European Union to include a total embargo on Russian energy in the seventh package of sanctions. “What would we like to see in the seventh package of sanctions? Of course, time will tell, but we are talking about a total embargo on Russian energy, i.e. pipeline oil, but this…
The Ministry of Rural Affairs has turned to the Ministry of Economic Affairs and Communications (MKM), as it finds the latter has ignored prior agreements concerning compensation for the fishing sector in draft legislation regulating wind turbine fees. Draft legislation to reduce Estonia’s dependence on natural gas, currently in its second reading in the Riigikogu,…
Ukraine has a real opportunity to completely abandon gas imports through developing its own production, including of biogas, Serhiy Makogon, CEO of Gas Transmission System Operator Ukraine of Ukraine LLC (Gas TSO of Ukraine), has said on Facebook. “Ukraine has a very large potential for biogas production – up to 8 billion cubic meters of…
On June 2, in the presence of the Minister of Energy of Ukraine German Galushchenko and the Ambassador Extraordinary and Plenipotentiary of Sweden to Ukraine Tobias Tiberg, the President of Energoatom Petro Kotin and Westinghouse Electric Company President and Chief Executive Officer Patrick Fragman signed 3 agreements on strengthening cooperation. According to German Galushchenko, the…
Minister of Energy of Ukraine Herman Galushchenko and Minister of Climate and Environment of Poland Anna Moskwa signed a Memorandum of Intent on cooperation in the field of energy. The document was agreed to boost energy security in Central and Eastern Europe and to drop Russian energy supplies. The memorandum states the intention to restore…
Energocom has extended the contract for June at a price of $59.90/MWh with the Kuchurgan power station, according to Deputy Prime Minister Andrei Spinu, Minister of Infrastructure and Regional Development. “In addition, Energocom will sign a 30% energy delivery contract with EnergoAtom (Ukrainian state-owned company). The weighted average price of electricity for June will be…